Lending Club
Reviews and Complaints
Lendingclub
I applied for a small loan of 3500 and was approved. I needed this loan for a move that I am making now.
No money after 7 days in review. All documents were submitted. I am moving now and having to use credit credits for moving cost. Seriously, how long does it take to review such a small loan.
They have hit my credit and No funds. After reading these other remarks , I realize that I probably should have researched them better. Avant has a higher rate but funds are usually deposited within 2 days . Credit Karma reviews show that people who have borrowed from them get funded within 2 days.
Must have been posted by an employee.
Had I known it would take so long , I would have applied elsewhere. Don't want to hit my credit again with another company
Took payment out of my bank account after loan was paid off
I called two weeks ago to let them know I was paying off the loan and to cancel my automatic payments.There representative agreed and said they had done so. My bank sent the payoff.
Lending Club then took my usual payment the next day for $500. When I called customer service, they admitted I had called in advance and they admitted it was their mistake and that they should not have taken the payment. They then said, "too bad, so sad", it will take two weeks to return your money to you.
Try seeing if your bank cans top the payment (also 7-10 days to file a fraud claim). I say that now I am not a client, they don't care about me.
- Smooth process
- That they approved my loan
- Constant mailings after you have a loan already
- Customer service
Preferred solution: Full refund
Still Have not Received Funds
I applied for a loan in the beginning of May and still have not received any funds whatsoever. Every time I call or email I get the same response about the loan trying to be funded.
At first they said 7-14 days and then 14-30 days. I'm at literally right at the 30 day mark and still have received nothing. Customer support (via email and call) all say I have to wait.
I have never seen a loan process take that long. Usually a loan takes 5-7 business days and I was even ok with the 7-14 day turn but still waiting at 30 days and have not even began to be funded is ridiculous.
Lending Club - Review in Loans and Mortgages category from Norwalk, Connecticut
How long should i be waiting for my loan to be funded?!?!
In April i applied for a 24 thousand dollar loan. everything is approved and every time i call customer service they tell me 1 more wk.
a wk later i call and they said 2 more wks. it has already been over a month now. can someone tell please tell me how long i should wait till i pull the plug on this pending funding?
and since i am approved and just waiting for the funding to be in my bank, does this mean a hard inqueiry was impacted on my credit score??? i am planning for a very important event and can not wait around another month.
has anyone else gone through this please tell me how long it took u for your funding to go through. and should i cancel.
My experience with lending club
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Verified Reviewer | Twentynine Palms, CaliforniaBOLD FACE LIARS
Their advertisement is a scam. they dont offer rates anywhere near what they advertise.
They ought to have a law against their false advertisment. No way would i get a loan from them. No matter how bad my financial situation. They advertise 8.5 % interest however, they offer 28 + % and they dont issue u a loan for the amount that they advertise.
Very disappointed in their false advertisement. Please do not send me anymore *** propaganda.
I am very disappointed in the way they run their business. They are preying on the the general population who are in need and deliberately lying in order to make their money.
- Lc refinancing gouges lenders
- Payoff procedures
- Approval then getting turned down
Preferred solution: Full refund
Lending Club Lies About "Pre-Approved"
Lending club sends out letters saying the potential borrow is "pre-approved". This is a lie.
The potential borrower is *NOT* pre-approved. Lending Club tells this lie to induce people to apply. If the application is rejected, they say "Oh well." It's a scam.
They purposely chose the words "pre-approved" because they know that people will not apply unless they think that they have a reasonable chance of being approved, generally speaking. So rather than tell them the truth, that no one is approved until the application is submitted and scored, they simply lie and tell everyone that they are "pre-approved".
Lending Club - Loan Review from Mountain View, California
Deceiving company. They lead you to believe all is going great with your loan, they send e-mails that say "hooray, your loan is fully funded, your money is on the way".
Then they validate your bank account so everything seems to be going great. 17 days later they need more info, so I send it anxiously thinking " I am one step closer to getting loan". More waiting....then they call to ask if I have any other income. Our household income is over 85,000, but apparently, that doesnt matter.
Lending Club plays with your mind and practices deceptive behavior. I applied for a loan on July 22nd, and today is August 10th 2015 and there is no sign of any loan being approved or progess being made. Totally aggrevated.
I dont recommend Lending Club, unless you dont really need a loan! And you like to be let down after they bulid you up!
Lending Club - Loan Review from Chicago, Illinois
My loan was handled in a professional manor. Not surprised by fee as many inidividuals come together to fund a loan it's personal for them and personal is how I'm treated they helped me understand each step so I could make the best choices,I am happy with this companies lending stratigies.
Jusy say NO!!!
- Friendly customer service reps
- What they advertise is not what they deliver if ever
Preferred solution: Let the company propose a solution
Are they a scam??
Lending Club - Loan Review from Warren, Michigan
Dissapointed!
I have a loan with Lending Club or I thought I had one...see after requesting change of payment dates and being treated rudely by a customer service representative they went ahead and pulled double the amount of my payments which since it wasn't scheduled accordingly and my funds were not available, my March payment was considered late because the bank returned unpaid (since they tried to pull double amount) due to the payment date change; after that they try to pull another payment at the beginning of April (for the old payment date) and when I contacted them over email they weren't nice..so when the new payment date on 04/14 came up they went ahead and tried to pull one more payment and again due to the confusion there were no extra funds available...so long story short without a phone call, or an email they sent me to collections ***Vital Recovery Services***is calling me at work and on my personal phone; I'm shocked since I owe $4,000 out of a $15,000 loan and I have paid on time until the date change caused all kind of issues; any company will try to make arrangements with the customer but this people are acting extremely rude and now I will have to deal with some nasty people at Vital Recovery Services due to the lack of customer service. Can't believe that toward the end of my loan they will treat me like this.
- Unwillingness to listen
Preferred solution: Let the company propose a solution
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